10 Companies That Analysts Just Upgraded

8. Globe Life (NYSE:GL)

Globe Life is a health insurance company that operates through four main segments: life insurance, health insurance, investments, and annuities. It primarily serves lower and middle-income households in the US. The insurance company was upgraded from In Line to Outperform by Evercore ISI.

Globe Life was accused last year of using MLM tactics to generate sales. MLM marketing refers to a marketing strategy where people get a commission to generate sales. They also get paid for bringing in more people who can then generate more sales. This is considered an unethical practice. When this report came out, the stock price tanked.

That seems to be in the past though as the company is trying to move on from that scandal. Two months ago, it announced a stock repurchase authorization of $1.8 billion. By doing so, the company expressed confidence in its own affairs, increasing the positive investor sentiment. That sentiment now seems to be reflected by analysts as well, as the Evercore ISI upgrade shows. The company is expected to clock in improved margins in 2025 on the back of Medicare supplement repricing. The negative sentiment surrounding the stock should lessen as its financials improve.